Historic Ferrari race car estimated at $28M at auction October 20, 2015 - 18:16 AMT PanARMENIAN.Net - A 1956 Ferrari built for Formula One racing legend Juan Manuel Fangio is going on the auction block in New York City, where it could sell for more than $28 million, the Associated Press reports. RM Sotheby's says the 290 MM, chassis 0626, will be offered on Dec. 10. The historic car never crashed despite a racing career that lasted until 1964. The $28 million pre-sale estimate makes it one of the most valuable cars to come to auction. A Ferrari 250 GTO Berlinetta that sold for $38.1 million at Bonhams in 2014 holds the record for any car at auction. Fangio was considered one of the greatest Formula One drivers of all time. The Argentinian raced the 3.5-liter, V-12 engine car in the 1,000-mile Mille Miglia event in Italy, finishing fourth overall.  Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads.   Partner news |  Latest news Czech-Armenian military cooperation discussed in Yerevan  A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia.U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel.Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide.Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. |
